SEC vs. Paramount Financial Services d/b/a Live Abundant
Alert | Government Action
Published by BBB.org
On December 19, 2018 the Securities and Exchange Commission announced charges against an additional 13 individuals and 10 companies including Paramount Financial Services Inc. d/b/a Live Abundant for unlawfully selling securities of Woodbridge...

Published by The Wall Street Journal
By Jean Eaglesham and Coulter Jones
Nov. 17, 2018 8:00 a.m. ET
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Brokers with scrubbed records are more likely to generate complaints, two academics found
Thousands of brokers have scrubbed their records clean of complaints by customers and employers, allowing them to hide information from potential...

Published by Pittsburgh Post-Gazettte
August 27, 2018 at 8:00 AM
By LEN BOSELOVIC
Scott Kohn, an ex-felon who orchestrated a nationwide scheme that victimized retirees as well as investors seeking safe monthly income, is nowhere to be found.
Investigators from Pennsylvania’s Department of Banking and Securities trying to enforce a...

Published by 401K Specialist Magazine
August 24, 2018
By Jessa Claeys
Ex-con supposedly paid commissions to financial agents peddling 'structured cash flows' to retirees
A group of insurance agents, brokers, financial planners and investment advisory firms spanning the country were working together to allegedly scam thousands of investors out of...

Published by Think Advisor
August 24, 2018 at 11:13 AM
By Melanie Waddell
An “eager and complicit network" of brokers and advisors made the scam possible, said attorney Joseph Peiffer.
A series of lawsuits were filed nationwide Thursday in a bid to help swindled investors — mostly retirees —...

Published by Bloomberg Law
August 24, 2018
By Alex Ebert
Attorneys for investors of defunct pension-buyout investments are suing to drag back more than $100 million in lost cash from the financial professionals who sold the plans.
Peiffer Wolf Carr & Kane announced Aug. 23 five lawsuits filed across the...

Published by Think Advisor
August 24, 2018 at 11:13 AM
By Melanie Waddell
An “eager and complicit network" of brokers and advisors made the scam possible, said attorney Joseph Peiffer.
A series of lawsuits were filed nationwide Thursday in a bid to help swindled investors — mostly retirees — retrieve...

Published by BenefitsPro
August 23, 2018 at 07:00 PM
By Nick Thorton
Attorneys allege investment products were marketed up to March of 2018, even after FIP had been shut down in numerous states.
Five lawsuits against individuals serving as middlemen marketers have been filed across the country on behalf of...

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